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Stock Market & Financial Investment News

News Breaks
November 27, 2012
08:04 EDTBEE, FCH, DRH, CHSP, MHGC, HTJMP Securities to host a tour
New York City Hotel Tour visits various hotels in the New York City area on November 27.
News For DRH;HT;CHSP;FCH;MHGC;BEE From The Last 14 Days
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July 30, 2015
17:05 EDTCHSPChesapeake Lodging lowers FY15 EPS to $1.07-$1.15 from $1.16-$1.25
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17:03 EDTCHSPChesapeake Lodging sees Q3 net income view 43c-46c, consensus 47c
Sees Q3 adjusted FFO 73c-77c.
16:58 EDTCHSPChesapeake Lodging increases dividend 14% to 40c per share
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16:56 EDTCHSPChesapeake Lodging reports Q2 EPS 36c, consensus 36c
Reports Q2 revenue $162.1M, consensus $43.3. Reports Q2 RevPAR up 7.0%. Reports Q2 adjusted FFO 68c per share.
July 29, 2015
16:51 EDTFCHFelcor Lodging appoints Thomas Hendrick as Chief Investment Officer
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15:53 EDTBEEStrategic Hotels acquires remaining interest in JW Marriott Essex House hotel
Strategic Hotels & Resorts announced that it has acquired the remaining 49% ownership interest in the 514-room JW Marriott Essex House hotel. The company previously owned a 51% ownership position in the asset through a joint venture with certain affiliates of KSL Capital Partners, LLC. Pursuant to the terms of the joint venture agreements, KSL exercised a contractual put option of its equity interests in the asset and the company will issue to certain affiliates of KSL an aggregate of 6,595,449 shares of common stock priced at $12.82 per share, or an implied valuation of $84.6M. The transaction values the asset at a gross valuation of approximately $397.6M, which includes $6.3M of value for three owned condominiums, $2.2M of cash currently held within the joint venture, and the existing $225M mortgage financing. The net hotel purchase represents an approximately $757,000 per key valuation. The acquired 49% interest in the hotel is projected to generate an incremental approximately $5.5M of EBITDA in the remaining five months of 2015.
July 28, 2015
17:42 EDTHTHersha Hospitality raises FY15 AFFO view to $2.28-$2.36 from $2.24-$2.32
FY15 consensus $2.30. Raises FY15 adjusted EBITDA view to $178M-$182M from $176M-$180M. Raises Consolidated RevPAR Growth view to 6.5%-8.5% from 6.0%-8.0%.
17:39 EDTHTHersha Hospitality reports Q2 AFFO 76c, consensus 74c
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08:47 EDTBEEStrategic Hotels worth above $16.50 to a 'Trophy Buyer,' says Credit Suisse
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08:39 EDTFCHFelcor Lodging sees FY15 adjusted FFO 86c-90c, consensus 89c
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08:37 EDTFCHFelcor Lodging reports Q2 adjusted FFO 28c, consensus 28c
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July 24, 2015
07:59 EDTBEEStrategic Hotels could be worth $14-$17 per share in takeover, says RBC Capital
After Bloomberg reported that Strategic Hotels & Resorts hired an investment bank to help the company explore a potential sale, RBC Capital estimates that the company could be sold for $14-$17 per share. It keeps an Outperform rating.
July 23, 2015
19:10 EDTBEEStrategic Hotels explores sale, Bloomberg says
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15:37 EDTBEEStrategic Hotels jumps 6.9%, halted for circuit breaker after said to seek buyer
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15:36 EDTBEEStrategic Hotels hires bank to seek buyer, Bloomberg says
July 20, 2015
10:00 EDTBEEOn The Fly: Analyst Downgrade Summary
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09:13 EDTBEEStrategic Hotels downgraded to Hold from Buy at Evercore ISI

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